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- LoopNet Team
221 Byers Ave
Hot Sulphur Springs, CO 80451
Canyon Motel · Hospitality Property For Sale
·
6,072 SF
Investment Highlights
- Offered at a 14.0% cap rate based on historical financials with significant room for growth
- Owner's quarters are also available on-site (and can be rented separately as an apartment if desired
- Only 30 miles from the popular destination of Winter Park, Colorado, ranked as a top-40 US ski resort in Conde Nast's 2021 Reader's Choice Awards
- 14 room exterior-corridor motel in the popular tourist destination of Hot Sulphur Springs, Colorado
- In close proximity to Hot Sulphur Springs Resort, which offers day passes to its 24 famous hot springs that are within walking distance
- The Property is located less than 100 miles from Denver, CO and 30 miles from the western entrance to Rocky Mountain National Park
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1950/2005 |
| Building Class | C | Parking Ratio | 1.65/1,000 SF |
| Lot Size | 0.42 AC | Corridor | Exterior |
| Building Size | 6,072 SF | ||
| Zoning | 26 - Tourists | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 6,072 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2005 |
| Parking Ratio | 1.65/1,000 SF |
| Corridor | Exterior |
| Zoning | 26 - Tourists |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
About 221 BYERS AVE , HOT SULPHUR SPRINGS, CO 80451
Hot Sulphur Springs, Colorado is nestled in the Rocky Mountains, located in Grand County between Granby and Kremmling. The town is approximately 100 miles from both Boulder and Denver, Colorado, and is 30 miles northwest of the world-renowned outdoor recreation destination of Winter Park. The town is known for its mineral-rich natural hot springs, stunning scenery, and relaxed atmosphere. This brings in visitors from Winter Park and elsewhere, making the town a destination for outdoor enthusiasts year-round. There are many attractions in and around Hot Sulphur Springs, including the Hot Sulphur Springs Resort and Spa (day passes are available for guests of the Canyon Motel), the aforementioned Winter Park (Resort), Granby Ranch Ski Area, the Colorado Adventure Park, and much more. Colorado is a major draw for adventure-seekers throughout the globe, and brings in over 93 million visitors a year (2023 estimate).
Property Taxes
| Parcel Number | R197680 | Improvements Assessment | $139,160 |
| Land Assessment | $15,620 | Total Assessment | $154,780 |
Property Taxes
